Something most Design Engineers should know is how to do is a Sensitivity Analysis. dx/dy where x is the change in input parameter and y is the output.
This defines overall design tolerance based on input tolerance and the sum is a tolerance stackup.
Monte Carlo is then used when a complex hundreds of variables exist.
This defines overall design tolerance based on input tolerance and the sum is a tolerance stackup.
Monte Carlo is then used when a complex hundreds of variables exist.